The SEC has published new guidelines for cryptocurrency ETFs, simplifying requirements and reducing approval time from 240 to approximately 75 days. They are implementing a more agile system that would eliminate the need to submit individual forms for each ETF. Recently, Trump Media filed an application to launch its 'Crypto Blue Chip ETF', which would include bitcoin, ethereum, solana, XRP, and the cryptocurrency from Crypto.com.
Although the SEC initially approved the conversion of the Grayscale fund to an ETF, it subsequently issued a temporary suspension order, likely to establish clearer standards. The commission has also expressed concerns about ETFs that offer staking rewards, arguing potential regulatory violations.
Currently, the SEC is evaluating multiple applications for ETFs linked to altcoins such as Solana, $XRP , $DOGE , and Litecoin, indicating a greater openness beyond Bitcoin and Ethereum. These changes reflect a more balanced approach by the SEC, seeking to streamline approvals while maintaining regulatory safeguards, which could facilitate the arrival of new crypto products in traditional markets in the coming months.
